3:10 PM
Blogger
Gold futures have surged to a record high of Rs 1,07,807 per 10 grams on the MCX, driven by global economic uncertainty and central bank purchases. Anticipated Federal Reserve rate cuts and ongoing tariff concerns are fueling safe-haven demand. Analysts remain optimistic, noting key support levels that could lead to further gains.
11:10 AM
Blogger
Bank of Baroda has declared Reliance Communications and Anil Ambani's loan accounts as 'fraud' after SBI and Bank of India took similar actions. A forensic audit by BDO India LLP revealed significant irregularities, including misuse of funds and unauthorized related-party transactions. The audit highlighted concerns about fund diversion and questionable financial practices.
2:10 PM
Blogger
Banks across multiple Indian states remained closed on September 5 due to Id-E-Milad and Thiruvonam, as per the RBI holiday calendar. While digital banking services continued uninterrupted, physical branch visits were necessary for certain transactions. Maharashtra, however, shifted the Eid-e-Milad holiday in Mumbai to September 8, 2025, impacting government securities and related markets.
9:10 AM
Blogger
Top stock market recommendations: Nuvama Professional Clients Group's Aakash K Hindocha recommends buying Dabur, Bajaj Auto, and Amara Raja Energy & Mobility. Nifty is expected to move towards 24900/25050, supported at 24500, while Bank Nifty, hovering near a 3.5-month low, may see a short covering rally above 54100.
5:10 PM
Blogger
Bank of Baroda expects India's 10-year government bond yield to stay between 6.50 and 6.60 percent in September. The upcoming borrowing calendar is a key factor. A widening interest rate gap with the US supports this. The US Federal Reserve might cut rates, but the Reserve Bank of India is likely to maintain its stance.
10:10 AM
Blogger
Union Bank of India projects India's current account deficit (CAD) may nearly double to 1.2% of GDP in FY26 due to rising trade and geopolitical tensions. A widened merchandise trade deficit and the recent US tariff hikes on key sectors are major concerns. Resilient services exports and remittances offer some support, but persistent trade tensions pose a downside risk.
8:10 PM
Blogger
The Competition Commission of India (CCI) has approved Sumitomo Mitsui Banking Corporation's (SMBC) proposal to acquire up to a 24.99% stake in Yes Bank. This move will make SMBC the single-largest shareholder in the private sector bank. The Reserve Bank of India (RBI) had previously approved the deal, paving the way for this significant investment.
5:10 PM
Blogger
Eurozone inflation edged up to 2.1% in August, according to Eurostat data, primarily due to a smaller decrease in energy prices. This slight increase, exceeding Bloomberg analysts' expectations, strengthens the likelihood that the European Central Bank will maintain current interest rates at its upcoming September 11 meeting.
3:10 PM
Blogger
Indian banks are facing increased operational risks from deposit accounts due to the rise in mule accounts and money laundering, prompting stricter KYC checks and transaction monitoring. The RBI's MuleHunter.AI initiative aims to detect and eliminate these fraudulent accounts, with more banks joining the effort. Competition for deposits further complicates the screening process, requiring enhanced vigilance and staff training.
10:10 AM
Blogger
Stock market recommendations: SBI Securities' Sudeep Shah suggests CG Power and Syrma SGS Technology as top stock picks for the week starting September 1, 2025. Nifty faces resistance at 24650-24700, while Bank Nifty's key support lies at 53600-53500. CG Power broke out of a falling channel, signaling renewed buying interest.
8:10 AM
Blogger
Despite RBI's rate cuts, loan rates haven't significantly decreased due to rising bond yields. This divergence is fueled by long-term inflation expectations, the closing of a key liquidity channel, and anticipated marginal rate cuts. Market players worry about potential revenue losses from GST cuts and increased government borrowing, further impacting bond yields.
7:10 AM
Blogger
Despite a 50-basis point repo rate cut by the RBI in June 2025, banks' weighted average lending rates (WALR) on new loans increased to 8.8% in July, up from 8.62% in June. This divergence from past trends is attributed to a higher proportion of high-yielding loans to MSMEs.
5:10 PM
Blogger
A Reserve Bank of India article forecasts a 21.5% surge in private sector capital investment, reaching Rs 2.67 lakh crore in 2025-26. This growth is attributed to strong macroeconomic fundamentals and an anticipated policy rate cut. Infrastructure, particularly the power industry, will be the primary investment recipient, largely driven by greenfield projects.
2:10 PM
Blogger
In September 2025, banks across India will observe several holidays, including Karma Puja, Onam, Id-e-Milad, Indrajatra, Navratra Sthapna, and Durga Puja. These holidays will affect bank operations in various states, with closures varying regionally.
1:10 PM
Blogger
Amidst a negative trend in equities, eight of the top-ten valued companies experienced a significant decrease in their combined market value, totaling Rs 2,24,630.45 crore last week. Reliance Industries and HDFC Bank faced the most substantial declines. TCS and Hindustan Unilever were the only firms to register gains during this period of market downturn.
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